Markets & Finance

Bear Stearns Upgrades Symbol Technologies

Analyst Philip Alling says his upgrade is based on improving visibility into radio frequency identification (RFID), and mobile computing growth. He also cites margin expansion opportunities that should propel earnings per share growth.

Alling says the company is well-positioned to take advantage of growth in mobile computing in retail and other verticals including health care. He believes RFID is a major growth opportunity, and Symbol is the best-positioned player.